https://twitter.com/home https://www.facebook.com/Shabbir.Hussain191By Shabbir Hussain
ISLAMABAD, July 30 (Alliance News): Iranian Ambassador Dr. Reza Amiri Moghadam has praised the BRICS alliance’s initiative to create a new transaction messaging system that aims to bypass traditional payment mechanisms. He believes this move signals a significant step towards de-dollarization, bringing the world closer to reducing its dependence on the US dollar.
In his statement, Dr. Moghadam emphasized that the new financial messaging system will provide more options for economic activities, allowing the region to reshape the global trade landscape.
He stressed that this variety is essential and represents a hallmark of economic multilateralism, which encourages multiple countries to participate in the global economy on an equal footing.
The ambassador also highlighted the importance of Pakistan’s potential inclusion in BRICS. He noted that Pakistan is an influential player both regionally and internationally, and its membership in the alliance would further strengthen BRICS. “Pakistan’s inclusion in BRICS will be another turning point, further strengthening the BRICS alliance,” he said.
Dr. Moghadam expressed optimism that the development of this new financial messaging system would lead to a more balanced and equitable global economic order. He believes it will benefit all member states by promoting sustainable economic growth and reducing the dominance of traditional financial systems that are often seen as biased towards certain countries.
The new messaging system proposed by BRICS is seen as a strategic move to enhance economic cooperation among its member countries, which include Brazil, Russia, India, China, and South Africa. This system aims to provide an alternative to the SWIFT system, which is currently the dominant method for international financial transactions. By creating their own system, BRICS countries hope to reduce their vulnerability to economic sanctions and other financial pressures exerted by Western countries.
Dr. Moghadam pointed out that the introduction of this new system is a clear sign that the world is moving towards a multipolar economic structure. He noted that the current global economic system is heavily influenced by the US dollar, and by creating alternatives, countries can gain more control over their financial transactions and economic policies.
He also emphasized the potential benefits for economic activists and businesses within the BRICS countries. The new system is expected to lower transaction costs, increase efficiency, and provide a more secure and reliable means of conducting international trade. This, in turn, will help boost economic growth and development in the region.
Furthermore, Dr. Moghadam stated that the new messaging system would encourage other countries to consider joining or collaborating with BRICS. As more countries look for alternatives to the traditional financial systems, the BRICS alliance could become a major player in the global economy, attracting new members and strengthening its influence.
In conclusion, the Iranian ambassador’s praise for the BRICS initiative reflects a broader trend towards economic diversification and de-dollarization. The creation of a new financial messaging system is seen as a positive step towards achieving a more balanced and equitable global economic order. This move is expected to benefit all member states by promoting sustainable growth, enhancing economic cooperation, and reducing dependency on traditional financial mechanisms.
Meta Description: Iranian Ambassador Dr. Reza Amiri Moghadam praises BRICS’ new transaction messaging system, calling it a step towards de-dollarization and a more balanced global economy.
Tags: BRICS, Iran, de-dollarization, financial messaging system, global trade, Pakistan, economic multilateralism, sustainable growth, international finance, economic cooperation
Focus Keyphrase: BRICS new payment system
